LGI Homes Inc. (NASDAQ:LGIH)’s share price was down 4% during mid-day trading on Thursday . The company traded as low as $31.17 and last traded at $31.90, with a volume of 443,604 shares traded. The stock had previously closed at $33.22.

A number of equities analysts have recently issued reports on LGIH shares. Zacks Investment Research raised LGI Homes from a “hold” rating to a “strong-buy” rating and set a $27.00 target price for the company in a research note on Wednesday, March 23rd. Deutsche Bank AG reissued a “buy” rating and set a $36.00 target price on shares of LGI Homes in a research note on Tuesday, March 22nd. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. LGI Homes has an average rating of “Buy” and an average price target of $34.70.

The firm’s 50-day moving average is $28.60 and its 200-day moving average is $25.12. The stock has a market capitalization of $669.66 million and a PE ratio of 12.06.

LGI Homes (NASDAQ:LGIH) last announced its quarterly earnings data on Tuesday, May 10th. The company reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.05. The firm earned $162.50 million during the quarter, compared to the consensus estimate of $167.55 million. The firm’s quarterly revenue was up 34.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.33 earnings per share. On average, analysts predict that LGI Homes Inc. will post $3.31 earnings per share for the current fiscal year.

In other LGI Homes news, major shareholder Eric Thomas Lipar sold 10,000 shares of LGI Homes stock in a transaction that occurred on Wednesday, June 22nd. The stock was sold at an average price of $29.96, for a total value of $299,600.00. Following the completion of the transaction, the insider now directly owns 491,433 shares in the company, valued at $14,723,332.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

A number of institutional investors recently modified their holdings of the stock. Alpine Woods Capital Investors LLC increased its position in shares of LGI Homes by 69.9% in the fourth quarter. Alpine Woods Capital Investors LLC now owns 296,207 shares of the company’s stock worth $7,207,000 after buying an additional 121,900 shares during the last quarter. Hodges Capital Management Inc. increased its position in shares of LGI Homes by 32.9% in the fourth quarter. Hodges Capital Management Inc. now owns 112,450 shares of the company’s stock worth $2,736,000 after buying an additional 27,850 shares during the last quarter. Redwood Investments LLC increased its position in shares of LGI Homes by 67.6% in the fourth quarter. Redwood Investments LLC now owns 65,270 shares of the company’s stock worth $1,588,000 after buying an additional 26,330 shares during the last quarter. Trexquant Investment LP bought a new position in shares of LGI Homes during the fourth quarter worth approximately $1,723,000. Finally, Timpani Capital Management LLC increased its position in shares of LGI Homes by 85.8% in the fourth quarter. Timpani Capital Management LLC now owns 56,713 shares of the company’s stock worth $1,380,000 after buying an additional 26,184 shares during the last quarter.

LGI Homes, Inc is a homebuilder. The Company is engaged in the design, construction, marketing and sale of new homes in markets in Texas, Arizona, Florida, Georgia, New Mexico, South Carolina, North Carolina, Colorado, Washington and Tennessee. The Company has five segments: the Texas division, the Southwest division, the Southeast division, the Florida division and the Northwest division.

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